For your benefit:Now you can invest in SBI's 'Wecare' deposit scheme till March 31, 2022, will get more interest
SBI Wecare Senior Citizens Term Deposit Scheme; All You Need To Know About Interest Rate And Benefits
TPN24 Desk 
State Bank of India (SBI) has extended its 'Wecare' special deposit scheme till March 31, 2022. Earlier this scheme was ending on 30 September. Senior citizens will get more interest in this scheme. In this scheme, senior citizens will get 0.80% more interest than the interest received from ordinary fixed deposits (FD). Only customers who register in this scheme within the stipulated period will get the benefit. Currently, SBI is offering a maximum interest of 5.40% on fixed deposits.
Special things related to SBI's WeCare scheme
- SBI had recently launched a new deposit scheme for senior citizens named 'WeCare'.
- Senior citizens are getting more interest in this scheme. This scheme has been launched under the Retail Term Deposit segment.
- In this scheme, senior citizens are being given additional interest on fixed deposits of 5 years or more.
- In this new scheme of SBI, an additional premium interest of 30 basis points will be available on deposits (FDs) of 5 years or more.
- Senior citizens will get 0.50% more interest than the general public on retail term deposits of less than 5 years.
- Retail term deposits above 5 years will attract 0.80% interest, including an additional 0.30%.
- That is, if you invest under this scheme for 5 years now, then you will get 6.20% interest.
- No additional interest will be paid on premature withdrawal. Only customers who register in this scheme within the stipulated period will get the benefit.
Which bank is giving how much interest on the tenure of 5 years?
